UHY Ross Brooke Chartered Accountants
With a relatively short time left before the end of the current tax year, now is the time to be undertaking some serious year end tax planning prior to the forthcoming 5th April. Ideally, you will want to take advantage of all reliefs and allowances, reduce your personal tax rate
The new tax year starts 6th April 2025, so you have one month to consider your options, once we pass this date the majority of the tax planning options for Income Tax and Capital Gains Tax purposes will cease unless actioned before 6th April. Do you fall into any of
As Halloween approaches, the air is filled with excitement, eerie decorations, and the promise of treats. By Phil Kinzett-Evans While you’re busy planning costumes and carving pumpkins, don’t forget about your financial obligations. Just like the ghosts that come out to play on Halloween, taxes have a way of creeping
When you’re looking for an accountant, how do you know that they have the right skills and knowledge, and whether they will be a good fit for your needs? A Google search will return a choice of local accountants, but there’s more that you should look for: A sensible way
According to statistics released by HMRC almost 2 million over 65’s now need to file an annual self assessment return. And as many pensioners rely upon their investments for part of their income, this number will almost certainly rise over the forthcoming tax years as a result of the reductions
Do your New Year’s Resolutions include losing weight? Getting fit? Spending less time scrolling? All very laudable and probably the same as last year. And the year before. So how about some new ones, which are achievable, ultimately time-saving and which will make your life simpler. Businesses resolutions: Whatever you
The cost of living increase means it’s never been more important for your employees to claim tax relief on work-related expenses. HMRC want to encourage employees to claim money they are entitled to using the HMRC online service. You can support HMRC and your employees by passing on the useful
Professional drivers, taxi driver and private hire drivers, as well as scrap metal dealers who require a licence to operate are to face compulsory registration for tax from April 2022. To be able to apply for their trading licences, they must previously have registered on the Government Gateway and completed
In under 6 months the Government’s first phase of digital taxation for businesses “ Making Tax Digital for VAT ” goes live, yet there still appears to be very little knowledge of what the rules are, who they apply to or when they start. The new rules will apply for
We broadly welcome measures introduced in the Chancellor’s Autumn Statement to help SMEs. Recognising that SMEs make the biggest contribution to the creation of jobs and wealth in the UK this final Autumn Statement of the current Parliament ahead of the election in May 2015 includes a number of measures particularly